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Showing results for tags 'canadian dollar'.
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Minors: EUR/CAD, JULY 16TH. Today's analysis was for the minor pair of Euro versus Canadian dollar. This trade has already played out and our take profit has been hit. Nonetheless, we would still like to post it as a good example of a trade well traded. In this Intra day trade, entry was nearly at the day's high and exit and stops predefined. Once the trade moved 25 points in our favor the trailing stop loss kicked in and from there on it was a risk free trade, till a few minutes back when our TP was hit giving us 34 green pips for the day. At TradeCuts, no opportunity is ever lost. If one trade is missed , there are newer and fresher ones just round the corner.To take advantage of our analysis and precision entries and exits, do keep checking our updates on the Major, Minor and Commodity pairs. Feel free to write to us and read our blog articles for deeper insights into some of the happening pairs, the latest one being NZD/USD and dont forget to post your comments. Best TradeCuts.
The Loonie is often viewed as a counterpart of the US Dollar, with the most popularly traded currency pair being the USD/CAD. There are additional connections made to commodity currencies, however, as the Canadian economy is well-known for its oil and metals exports.